Senior Actuarial Associate - US IFRS Valuation

Manulife; Waterloo; Hybrid; CAD 75,000 - 140,000; Full time

Job summary

This innovative firm is seeking a Senior Actuarial Associate to join their IFRS Valuation team. In this dynamic role, you will be responsible for valuation, earnings analysis, and reporting for unique insurance products. You will collaborate with experienced professionals and have the opportunity to enhance valuation tools and methodologies. The position offers a chance to contribute significantly to financial reporting while ensuring compliance with actuarial standards. Join a company that values diversity and provides a supportive environment for your professional growth.

Benefits

Health insurance

Dental insurance

Mental health benefits

Vision insurance

Disability insurance

Life insurance

Paid time off

Retirement savings plans

Financial counseling resources

Employee assistance programs

Qualifications

• Requires ASA/ACIA and in-depth knowledge of IFRS17 actuarial principles.
• Prior valuation exposure is a plus.

Responsibilities

• Produce quarterly IFRS reserves and analysis for UL products.
• Enhance IFRS17 valuation tools and streamline processes.
• Conduct valuation reviews and controls of assumptions.

Skills

Analytical Skills

Actuarial Skills

Problem-solving Skills

Communication Skills

Team Collaboration

Education

ASA/ACIA

Tools

IFRS17 Valuation Tools

Job description

Overview:

Reporting to the Bermuda High Net Worth Line Actuary, the Senior Actuarial Associate is a key player of the IFRS Valuation team and is responsible for the valuation, earnings analysis and reporting activities for the Bermuda UL and Indexed UL products. In this ever-evolving business and financial reporting environment, this role will provide an ideal opportunity to support the earnings analysis provided to senior management, while also working with seasoned actuarial and accounting professionals.

Key Accountabilities:

• Responsible to produce quarterly IFRS reserves and analysis, including Driver of Earnings, and contribute toward a continued robust RMA/DOE framework.
• Drive enhancement of IFRS17 valuation and reporting tools, methodologies and processes, and streamline where appropriate, while ensuring it is being performed in compliance with applicable internal guidelines and actuarial standards.
• Conduct the valuation reviews and controls of assumptions and methodology as part of the tri-annual and off-cycle basis change process.
• Work with inforce management on various initiatives with respect to valuation implications and re-rate activities.
• Lead the LICAT cash-flow review and reporting.
• Perform various valuation deliverables to Group Functions and other stakeholders (e.g. Appointed Actuary’s Report, Reserve sensitivities, etc.).

Job Requirement:

• ASA/ACIA.
• In-depth knowledge of IFRS17 actuarial principles.
• Prior valuation exposure and/or familiarity is an asset.

Competencies:

• Highly developed analytical, actuarial, and problem-solving skills.
• Proactive, self-directed, and able to work independently while managing a team of professionals.
• Well organized, with an ability to multi-task and prioritize.
• Strong desire and willingness to collaborate across functional teams.
• Strong communication and interpersonal skills.
• High energy and drive, results oriented.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit our story.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [e-mail].

Primary Location: Toronto, Ontario

Working Arrangement: Hybrid

Salary range is expected to be between: $75,180.00 CAD - $139,620.00 CAD

If you are applying for this role outside of the primary location, please contact [e-mail] for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact [e-mail] for more information about U.S.-specific paid time off provisions.